One and Two Park Ten Place

Acquisition Date:	May 2011
Location:	Houston, TX
Size:	91,166 square feet of office space
Investment Opportunity:	Purchased below replacement value. Maintain occupancy while switching leases to better tenants and increase lease rates (10% below market), updates mechanical systems of the building and renovation of the lobbies; take advantage of economic of scales with other nearby projects.
Results:	Renovations are in process; renewed small tenants at better rates.